Press release
Automotive Decorative Exterior Trim Market Trends To 2024 Company Profile are Magna International, 3M, SRG Global, Dura Automotive Systems, CIE Automotive, Takata Corporation, Toyota Boshoku, Douglas Corporation, American Nickeloid Company
Automotive Decorative Exterior Trim Market
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Industry Growth drivers by region:
1 North America
1.1 Increasing automotive e-commerce influencing consumer buying
2 Europe
2.1 Presence of major premium car manufacturers and technical expertise of component suppliers
3 Asia Pacific
3.1 Increasing vehicle sales
3.2 Rapidly growing automotive aftermarket
4 LATAM
4.1 Recovering economies supporting automotive industry
5 MEA
5.1 Demand for high-end vehicles
Around lamp segment is anticipated to cross USD 9 billion by 2024. It is majorly used around lamps to offer superior fit and improve aesthetics of the vehicle part thereby boosting the automotive decorative exterior trim market growth from 2017 to 2024. Increasing predilection for vehicle customization is one of the many factors supporting overall business demand till 2024.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Altuglas International
2. Autoneum Management AG
3. CIE Automotive SA.
4. Dura Automotive Systems
5. IAC Group
6. Magna International, Inc.
7. MVC
8. National Plastic Technologies Ltd.
9. SRG Global, Inc.
10. Takata Corporation
11. Tajco
12. TK Holdings, Inc.
13. Toyota Boshoku Corporation
14. TS Tech Co., Ltd.
15. 3M
16. Agape Plastics
17. Grand Traverse Plastics Corp.
18. Ningbo Huaxiang
19. Cascade Engineering
20. Douglas Corporation
21. DRS Industries
22. Flex N Gate
23. Lacks Enterprises, Inc.
24. Anchor Manufacturing Group
25. American Nickeloid Company
Automotive Decorative Exterior Trim Market by Application
• Daylight opening
• Around lamp
• Door upper trim
• Windows
• Others
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Windows will exhibit over 4% CAGR from 2017 to 2024 owing to availability of exterior trims in various shapes. Benefits offered such as easy installation, superior fit, and smooth functioning will further propel the industry growth.
Automotive decorative exterior trim market size from PCVs will generate the demand of over 430 kilo tons over the forecast timeframe. This can be attributed to increasing passenger vehicle production across the globe. Enhancement of visual appeal due to installation of decorative exterior trims is the major factor attracting the customers, further propelling the demand till 2024.
Asia Pacific automotive decorative exterior trim market size will account for over USD 11 billion over the coming years. Substantial automobile production, especially in the emerging nations including China and India will significantly contribute to the revenue generation. Increasing disposable income along with rising demand for improved vehicle aesthetics across the region will further support the region’s dominance. Europe will exhibit over 3% CAGR till 2024 owing to high demand of premium luxury cars in the developed countries coupled with presence of well established players across the region.
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CIE Automotive, Takata, MVC, Dura Automotive Systems, Altuglass International, and SRG Global are among the prominent industry participants. They focus on regular innovations in manufacturing processes, materials, and design, intensifying the industry rivalry. Business expansion is among the key strategies implemented by the manufacturers to enhance visibility among customers. For instance, in March 2017, SRG Global opened an innovation center in Michigan for strengthening its R&D capabilities and delivering quality products.
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